BRAZIL: EMBRACING GLOBALIZATION?
Background
This case focuses on Brazil’s development strategy since World War II and on the change of the economic model following the debt crisis of the 1980s. At the time of the case Brazilian officials are deciding whether regional integration or globalization offer the best route to economic prosperity and development. This case illustrates the challenges that developing countries face in defining trade policy. It also introduces the role of regional trade blocks as an alternative to globalization. At the current time regionalism seems to be very much in vogue and seems to be much more likely to be the basis for future trade system changes than comprehensive trade treaties.
Brazil’s Import Substitution Strategy
After the Great Depression of the 1930s, Brazil followed an import substitution strategy characterized by massive government investment, targeting of key industries, and protection against competition with high tariffs walls.......
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Approximate Word Count: 1537
Approximate Pages: 6 (260 words per double-spaced page) |